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A comment on JPM Coin Is the Wildest Big Bank Idea in Many Years. Parent comment

Re:JPM Coin Is the Wildest Big Bank Idea in Many Years by pier25 on Friday March 22, 2019 @01:34PM (#19464839)
> Of course, this coin only has value because of trust in JPMC

I would not trust JPMC but fiat money (dollars, euros, etc) only has value because of trust in governments.

"Fiat" is latin for "because I said so". I'm only half joking.

https://www.merriam-webster.com/dictionary/fiat

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Re:JPM Coin Is the Wildest Big Bank Idea in Many Years by TheSoftwareGuy on Friday March 22, 2019 @02:55PM (#19465714)
>I would not trust JPMC but fiat money (dollars, euros, etc) only has value because of trust in governments.

That's not really true. the value of a currency comes from what you can do with it. E.g. I think $20k is a lot of money because I know it is enough to buy a car. That has nothing to do with the government, only the market.

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Re:JPM Coin Is the Wildest Big Bank Idea in Many Years by pier25 on Friday March 22, 2019 @03:21PM (#19465964)
I'm sure Venezuelans agree with you. /s
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